If fed can just print money for the government
Why does the government collect tax from me? Just print more ??? Tc 600k
That's just taxing everyone who holds dollars through more inflation. This is already happening but would become worse.
It's not the act of printing money that provides wealth. Someone didn't take economics in school I see
You sounds smart, if there are only you an me in the market. You have $100, i have $100, i print $100 more to keep for myself. Didnt i get wealthier?
Nope. The value of your. Money decreased by 1/3 or more.
So you know your place peasant
They could do that, but then interest rates would be 30%.
Tax is stealing from the rich. Printing money is robbing everyone There is a difference. I am still anti tax.
Nope. Tax is providing revenue to sustain public services. So you believe that police, fire and the like are funded by goodwill?
If everybody has more money then increase inflation
OP, you're right. That system may work but the value of the dollar will depreciate way faster and people would lose trust over keeping the currency.
Government does collect more in the form of inflation